Viva Gold begins 2,000-metre drill program at Tonopah
2022-05-10 10:02 ET – News Release
Mr. James Hesketh reports
VIVA GOLD BEGINS 2,000 METER CORE DRILLING PROGRAM AT THE TONOPAH GOLD PROJECT, NEVADA
Viva Gold Corp. has commenced core drilling operations at its Tonopah gold project located on the prolific Walker Lane gold trend in western Nevada.
The program will include 1,500 to 2,000 metres of HQ (63 millimetres) size core drilled in eight to 10 holes, with drilling focused primarily in the western and eastern extents of the main deposit. The core holes are designed to penetrate through the pit wall of the $1,650 resource pit shell to capture information and core sample to address the following:
- Infill undrilled areas inside the resource pit shell to potentially add additional gold mineralization and to target areas of inferred mineralization for upgrade to measured and indicated categories;
- Provide detailed structural and rock core information to allow completion of a geotechnical study initiated by Viva in 2020 to support pit slope angle determination for feasibility level mine design study;
- Provide additional core sample for metallurgical optimization and environmental testwork.
“We are very excited to commence this work program. Viva was presented with the opportunity to contract a core rig for immediate mobilization which has allowed us to rapidly start work at Tonopah. We have authorization from the Bureau of Land Management for 12 new drill hole locations and we will also reoccupy four previously approved locations. Tonopah already has a well drilled core of measured and indicated gold resource and our goal is to add value for our shareholders by increasing the gold resource, while simultaneously derisking the project by completing technical and environmental baseline studies. With that focus, we have commenced a survey to document baseline biological conditions at Tonopah. Our ultimate goal is to rapidly move Tonopah into feasibility study. These programs are a major step in that direction,” states James Hesketh, president and chief executive officer of Viva.
A second reverse circulation drill has been contracted for work to commence in the late summer period. The lower cost RC program will be targeted to further infill between existing widely spaced holes on open extensions along the main east-southeast-to-west-northwest trend of the deposit.
Baseline biologic survey
Viva has commenced baseline biologic surveys at Tonopah in a measure to identify and document baseline biological conditions, both animal and plant based. This is a critical and seasonally sensitive step in further derisking the project to create a solid underpinning for future feasibility study and permitting efforts.
Mr. Hesketh, MMSA-QP, has approved the scientific and technical disclosure contained in this press release. Mr. Hesketh is not independent of the company as he is an officer and director.
About Viva Gold Corp.
Viva Gold holds 100 per cent of the Tonopah gold project, a large land position consisting of approximately 10,500 acres located on the world-class Walker Lane trend in western Nevada, 30 minutes drive southeast of the Kinross Round Mountain mine and 20 minutes drive from the town of Tonopah. The project has a pit-confined measured and indicated gold mineral resource of 394,000 ounces at a gold grade of 0.78 gram per tonne and 206,000 ounces of inferred resource at 0.87 gram per tonne. Viva is advancing the project toward feasibility study and permitting.
Viva is committed to environmental, social and responsible governance of its business and strives to operate in a manner that supports environmental and social initiatives and responsible corporate governance. Viva made significant progress in 2021 in working with its regulators to advance the environmental and social baseline study efforts required to support future mining plan of operations review under the National Environmental Policy Act for the project, and other Nevada State environmental permitting requirements. These efforts demonstrate the company’s focus and commitment to derisk and add value to the Tonopah project as detailed in its Dec. 7, 2021, press release.
Viva Gold trades on the TSX Venture exchange, on the OTCQB market and on the Frankfurt Stock Exchange. Viva has a strong management team and board with both gold exploration and production experience. Viva is building market awareness as the company advances the high-grade Tonopah gold project.
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